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Billion dollar investment fund manager demands end to CERB

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Charlemagne

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Billion dollar investment fund manager demands end to CERB

May 25, 2020

A billion dollar investment fund manager is demanding an end to the $2,000 per month Canada Emergency Response Benefit claiming that income support to people who lost jobs due to COVID-19 pandemic is making it hard for him to hire workers.

“I’m hiring like crazy right now. Lots of great talent out there,” tweeted Canaccord Genuity Cash Management Group investment manager Andrew Johns. “Sadly, there is obviously a whole sub segment of the population that has no interest in working. Gov’t needs to end #CERB now!”

Andrew Johns@AndrewNJohns

I'm hiring like crazy right now. Lots of great talent out there.

Sadly, there is obviously a whole sub segment of the population that has no interest in working.

Gov't needs to end #CERB now!

974

4:33 PM - May 24, 2020·Vancouver, British Columbia

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Even while calling for an end to support for unemployed workers, Johns, who founded the Bitcoin ATM network HoneyBadger Inc, is advising his investment firm’s corporate clients on how to maximize government benefits.

Andrew Johns@AndrewNJohns

Join @CGCashGroup accounting team to learn how your private or public company can get the most out of these #covid19Canada stimulus programs.

Thursday, May 21st
1pm PST; 2pm MST; 4pm ESThttps://youtu.be/tSj_vrHyCQk

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1

8:32 PM - May 16, 2020

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See Andrew Johns's other Tweets

Reaction to Johns’s tweet has been swift.

“Are you willing to offer them more than they get on CERB?,” asked Tracy Assoun. “If not, why would they work for you? CERB is a bare minimum. $12.50/hr 40 hrs a week. Big deal. If you don’t pay more than that, I wouldn’t want to work for you either.”

“Classic ‘This is my reality so it must be the case for all of society!’.” said Nick Faye. “Just because your business is hiring doesn’t mean that the economy isn’t currently a fraction of what it was before with many industries (eg. tourism, performing arts, etc) still unable to safely open.”

“The CERB is literally less than minimum wage,” Jane Murdoch said. “If potential employees would rather be taking CERB than work for you, that’s a you problem. Your business practices need improving.”

https://thinkpol.ca/2020/05/25/billion-dollar-fund-manager-demands-end-cerb/
 
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Malibuk

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Jan 9, 2017
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Most people only have 1 more CERB payment coming and the rest will be finished soon.
At this point there is no need to end it, just don`t extend it.
Then go after all of the fraudsters who stole money from CERB.
 
Dutch Oven

Dutch Oven

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Feb 12, 2019
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Malibuk said:
Most people only have 1 more CERB payment coming and the rest will be finished soon.
At this point there is no need to end it, just don`t extend it.
Then go after all of the fraudsters who stole money from CERB.
Click to expand...
I agree that the CERB is unlikely to be extended for the simple reason that not even the Federal government can afford to to continue it, nevermind the devastating effect any further business lockdowns will have on the economy.

They hoped a lockdown would zero out the spread of the virus. It didn't. They're not sure why. It's going to be around until there is a vaccine (which theoretically could be never!), but we'll never see mortality numbers like we did in the first wave. A small number will get sick enough to require treatment at a hospital. A number of us will miss a few days of work with flu-like symptoms. The vast majority of us will never contract the virus, or will be asymptomatic.

Time to get back to work.
 
Insidious Von

Insidious Von

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Dutch Oven said:
They hoped a lockdown would zero out the spread of the virus. It didn't. They're not sure why. It's going to be around until there is a vaccine (which theoretically could be never!), but we'll never see mortality numbers like we did in the first wave. A small number will get sick enough to require treatment at a hospital. A number of us will miss a few days of work with flu-like symptoms. The vast majority of us will never contract the virus, or will be asymptomatic.
Click to expand...
They don't know why? If Louis Pasteur and Jonas Salk were alive today, they would tell you why. A lockdown is only effective in dealing with the immediate threat of infection, as for the long term effect, it's making the ordeal worse. Healthy people who test positive are being harmed by the extended lockdown. Isolation breeds immunal exhaustion, people don't have the time to develop anti-bodies to the virus naturally. After awhile, the immune system has to be given the chance to do the work it was developed for. It should not have gone longer than six weeks, there are way more people who are carriers that stay healthy. Should a second contagion come around, it's these people that will be most affected...in a worst case scenario it could be like the Aztec Indians infected with smallpox.

It's an insult to suggest that people will not work just to get CERB payments.
 
canada-man

canada-man

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Jun 16, 2007
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smallhatchet said:
This billionaire needs to realize that not everyone has a background in finance.
Click to expand...
it's time to use the "check your privilege" towards these people who want us to starve during these lockdowns
 
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Malibuk

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Jan 9, 2017
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Charlemagne said:
“Are you willing to offer them more than they get on CERB?,” asked Tracy Assoun. “If not, why would they work for you? CERB is a bare minimum. $12.50/hr 40 hrs a week. Big deal. If you don’t pay more than that, I wouldn’t want to work for you either.”

“The CERB is literally less than minimum wage,” Jane Murdoch said. “If potential employees would rather be taking CERB than work for you, that’s a you problem. Your business practices need improving.”
Click to expand...
People don`t want to work 40 hours per week just to make 12% more than they get paid to work 0 hours per week.
This is like taking a job paying $1.50 per hour.
 
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Ryan4life

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Feb 11, 2011
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Dutch Oven said:
I agree that the CERB is unlikely to be extended for the simple reason that not even the Federal government can afford to to continue it, nevermind the devastating effect any further business lockdowns will have on the economy.

They hoped a lockdown would zero out the spread of the virus. It didn't. They're not sure why. It's going to be around until there is a vaccine (which theoretically could be never!), but we'll never see mortality numbers like we did in the first wave. A small number will get sick enough to require treatment at a hospital. A number of us will miss a few days of work with flu-like symptoms. The vast majority of us will never contract the virus, or will be asymptomatic.

Time to get back to work.
Click to expand...

The plan of the lockdown was never to zero out the spread. Stop spreading false news.
 
smallhatchet

smallhatchet

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Feb 10, 2020
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Frankfooter said:
This is from the states, but relevant to this discussion.
Pay more than minimum wage and you'll get people.

As 38.6 Million File for Unemployment, Wealth of Billionaires surged $435 Bn



Click to expand...
You nailed this one Frank! I thank you for posting the images!

They repeatedly tell us common people that "We're in this together" as the wealthy and elite have millions or billions!

The common person might not have a job to go back to or arent making enough for rent and yet the tv celebrities make us believe they are struggling just like us??!!!

I totally agree on spreading the wealth! As a business owner, I appreciate my employees and constantly praise them, make sure they get paid a normal wage with perks, give out gift cards, ALL tips going to them and opportunity to move up (with experience of course and personality like mine) to keep harmony at the work place.

My employees have many perks. I know what it was like having an asshole boss. I would never want my employees to see me as that asshole boss. We all have a common goal.....to get paid, pay the bills, and enjoy any money left over. I make sure the lease and bills are paid and and we all make our wages. My employees constantly tell me they look forward coming into work the next day.

I like to think with responses like that from them, we're all making the business thrive? Its actually weird having them ask me if its ok to sweep the floor!

Treat them good, pay them good, praise them often!!! We are all human.


Franky, I cant believe we actually agreed on something???!! lol
 
Dutch Oven

Dutch Oven

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Ryan4life said:
The plan of the lockdown was never to zero out the spread. Stop spreading false news.
Click to expand...
I have watched every single press conference of the Federal government and of Ontario since this started.

The plan both Federally and in Ontario was to flatten the curve, with a view to hastening the downward slope of the curve, so that ultimately new cases would reach 0 (pending a second wave in the fall sometime). Every curve ever submitted for presentation showed the downward slope of the curve reaching 0 after being flattened.

Now, despite "blunting" the curve, health officials are mystified as to why the new cases number has ticked up rather than down in recent days (in Ont and Quebec, and thus Canada), with public health authorities suggesting it must be because people haven't practiced social distancing as well as was thought, particularly in connection with Mother's Day. But this is pure guesswork on their part. The bottom line is that health officials are not sure why new cases are not trending downward steadily.
 
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toguy5252

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Jun 22, 2009
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glamphotographer said:
Well if he's willing to pay $10,000 per month salary, I'm sure people will come off CERB.
Click to expand...
The CERB doesn't even amount to minimum wage so it is difficult to believe that there are many people who would rather not work for at lease minimum wage. That is not to say that there are likely some.
 
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Boober69

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Feb 23, 2012
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toguy5252 said:
The CERB doesn't even amount to minimum wage so it is difficult to believe that there are many people who would rather not work for at lease minimum wage. That is not to say that there are likely some.
Click to expand...
It's because many believe it's "free" money.
 
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toguy5252

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Boober69 said:
It's because many believe it's "free" money.
Click to expand...
You just cant help proving over and over again that you are a part of the dumbest most gullible cohort in the world simply buying the disproven rhetoric of dogmatic conservatives. Do you really think that people are living the high life on $2,000 per month. I have a great idea lets cut EI and social security etc because these people are living way too high. Maybe to help these people we should cut tax rates for the rich and corporations.
 
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Boober69

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Feb 23, 2012
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toguy5252 said:
You just cant help proving over and over again that you are a part of the dumbest most gullible cohort in the world simply buying the disproven rhetoric of dogmatic conservatives. Do you really think that people are living the high life on $2,000 per month. I have a great idea lets cut EI and social security etc because these people are living way too high. Maybe to help these people we should cut tax rates for the rich and corporations.
Click to expand...
The problem with socialism is that you eventually run out of other people's money.

I never said anyone is living the high life on $2,000 per month. YOU said that in your leftist emotional outrage. I said many believe it's "free" money.

If you are going to go on the attack, at least quote me correctly, otherwise you come off as a hysterical leftwing nutbar. And I don't believe you want to be known as hysterical, right?
 
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